IKEA announced on Thursday that it will raise its prices by an average of 9 percent across its global markets after being hit with supply chain issues that are currently wreaking havoc across the world, prompting businesses to increase costs for customers.
In a statement, Ingka Group, which owns most IKEA stores, noted that in the past 18 months “our homes have become more important to us than ever” amid constant COVID-19 pandemic-related lockdowns, and IKEA has in turn seen an increase in demand for its products from consumers, such as workplace and outdoor furniture and storage solutions.
